Bragg Gaming Group Q1 2024 GAAP EPS €(0.08), Inline, Sales €23.811 Miss €23.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bragg Gaming Group (NASDAQ:BRAG) reported Q1 2024 GAAP EPS of €(0.08), meeting analyst estimates but showing a 300% decrease from the previous year. Sales were €23.811M, missing the €23.000M estimate and marking a 100% increase from €22.900M last year.
May 09, 2024 | 11:08 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Bragg Gaming Group reported a Q1 2024 EPS of €(0.08), in line with estimates but with a significant decrease from last year. Sales increased by 100% YOY but slightly missed estimates.
While Bragg Gaming Group met EPS estimates, the significant decrease from the previous year's losses and the slight miss in sales estimates could lead to mixed investor sentiment. The substantial year-over-year sales growth, however, may offset concerns about the earnings miss and provide a neutral short-term outlook for the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100